U.S. Economy

Top economist says the economy will be helped if Washington ends the coronavirus program that helps the unemployed

Some states have experienced a tidal wave of layoffs -- in May, 43 states set record jobless rate highs -- while the losses have been more tempered in other states.

What the next stimulus bill will look like remains unclear, but certain measures that have gained traction over the past month include another stimulus check, additional aid for businesses and the unemployed and a back-to-work bonus.

The figures marked the second consecutive month of growth in the millions, indicating a continued improvement in the nation's stressed labor market as business activity resumed. The unemployment rate dropped to 11.1 percent, down from 13.3 percent in May. 

In the past week, Trump has vocalized his support for a second stimulus check -- even as the economy starts to gradually improve.

States, which administer the benefits, have their own complex unemployment laws to determine how much money an individual should receive based on your weekly earnings before being laid off.

The June jobs report shed light on the health of the U.S. labor market as it starts to recover from the coronavirus pandemic.

Mayors for a Guaranteed Income has committed to exploring direct, recurring cash payments to community members and advocating for a similar program nationwide. 

During their June meeting, Fed policymakers projected that interest rates will remain at zero until 2022.

The National Taxpayer Advocate said the IRS had a backlog of 4.7 million returns for the 2019 tax year as of mid-May, warning that some taxpayers are in "for a long wait."

Home building dropped 4% with construction of single-family homes down 8.5%.

The data is typically a good indicator of what to expect in the more closely watched jobs report from the Labor Department.

The remaining $135 billion in the PPP may be repurposed as the economic fallout from the pandemic continues, Treasury Secretary Steven Mnuchin said Tuesday. 

A transaction list disclosed by the U.S. central bank on Sunday shows the first individual company bond purchases it's made through the secondary market corporate credit facility.

The Conference Board said on Tuesday its consumer confidence index rose to a reading of 98.1 this month from a downwardly revised 85.9 in May.

On Tuesday, the final day for small businesses to apply for a forgivable loan through the Paycheck Protection Program, there remains $134 billion in the fund. What happens to the money now?

The Trump administration permanently slashed the corporate tax rate from 35 percent to 21 percent with the passage of the 2017 Tax Cuts and Jobs Act.

The massive government response to the outbreak of the virus and subsequent economic lockdown helped the poverty rate to remain mostly unchanged, new research shows.

U.S. traffic trends have been slower to resume as a result of a resurgence of COVID-19 cases in the country.

The SBA is expected to release a tranche of data on Thursday revealing which business owners received PPP loans.